Re:Bill and Melinda Gates Foundation backtracks on one-year ...
by throwawayjava on Tuesday February 05, 2019 @05:10PM
(#19090470)
> not on a single person, but a single person's work or expertise
But this is true for literally everyone in the company, including the owner. It's a rare business that couldn't change ownership and still thrive under the right circumstances. In fact, there's a whole day of the week that has a nickname because people do this so often ("M&A Monday")
Your "someone with equivalent skills" condition is equivalent to the "under the right circumstances" condition.
So, I'm not sure I see how this is a response to:
> If the company is utterly reliant on a single person, that person is either an equity owner, or should be, and the owner is taking advantage of them.
But this is true for literally everyone in the company, including the owner. It's a rare business that couldn't change ownership and still thrive under the right circumstances. In fact, there's a whole day of the week that has a nickname because people do this so often ("M&A Monday")
Your "someone with equivalent skills" condition is equivalent to the "under the right circumstances" condition.
So, I'm not sure I see how this is a response to:
> If the company is utterly reliant on a single person, that person is either an equity owner, or should be, and the owner is taking advantage of them.